BIS 2011: Industry must up government lobbying or risk unsustainable losses
Stronger engagement with national governments is essential to overcome the current insufficient focus on natural disaster mitigation and to push through long-term reforms that will help reduce total event cost.
That was the view shared by keynote speaker Patrick Snowball, CEO of Australian insurance giant Suncorp, as he voiced concerns commercial cover for earthquake is becoming unsustainable.
“We have got
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